Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks in the United States and internationally. The company was incorporated in 2006 and is based in Stafford, Texas.
Revenue of Microvast Holdings, Inc. (MVST)
Revenue in 2023 (TTM): $306.62 M
According to Microvast Holdings, Inc.'s latest financial reports the company's current revenue (TTM) is $306.62 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Microvast Holdings, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $306.62 M | $57.23 M | $-85,754,000 | $-106,402,000 | $-106,336,000 |
| 2022 | $204.5 M | $9.07 M | $-135,458,000 | $-158,167,000 | $-158,200,000 |
| 2021 | $151.98 M | $-42,743,000 | $-182,828,000 | $-206,483,000 | $-211,494,000 |
| 2020 | $107.52 M | $17.14 M | $-11,094,000 | $-33,624,000 | $-33,625,000 |
| 2019 | $76.43 M | $-231,000 | $-37,735,000 | $-59,474,000 | $-59,663,000 |
| 2018 | $174.24 M | $20.85 M | $-45,241,000 | $-54,266,000 | $-100,033,000 |